CHINA Resources Enterprise yesterday reported profit before extraordinary items of $21.7 million for the six months to June 30, compared with a loss of $371,000 in the same period last year. The listed flagship of China Resources (Holdings) also made an extraordinary gain of $34.78 million from the sale of 11/2 floors of Riley House. Earnings per share was 5.17 cents, compared with a loss of 0.26 cents last year. No interim dividend was recommended and turnover for the six-month period was $57.13 million. Chairman Zhu Youlan said the results excluded the $1.9 billion acquisition of 55 per cent of the Nga Ying Chau project from China Resources (Holdings). She said this acquisition would be accounted for in the company's consolidated accounts in the second half of the year. The company is currently proceeding with the sale of the remaining units of Riley House. Ms Zhu said it would seek further business opportunities by establishing manufacturing plants for steel, brewing, building materials and ceramic sanitary products. She added that the company intended to develop into a large and diversified conglomerate with its principal investment focus in Hong Kong and China. ''The directors are confident of the steady growth of the company in the years ahead, with the support of China Resources (Holdings),'' she said.